HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Free
Message: What?
Reply New Message
Prev Message Back To Forum Threaded View Next Message

To me the BOD went hunting for a competing bid and BHP was interested and bid.   The conditions of the deal including the BOD/Exec committing their shares to the offer are pretty standard.   I was surprise there isn't a break up fee involved.

Ultimately what the BOD/Exec recommends means squat if there are competing offers that are more attractive to the majority of shareholders.

it will be interesting to see if NOT discloses it's fair market valuation.  I suspect now that BHP has made an offer that Wyloo is no longer restricted in making an offer.

... Been There

9 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply